XINHUA: Coal industry eyes transformation amid lackluster prices

[XINHUA] China will cut over 150 million tons of coal capacity in 2017 to achieve a balance between coal supply and demand, a document issued by the National Development and Reform Commission (NDRC) reaffirms. It also proposes to accelerate merger, reorganization, transformation and upgrading in the industry to further optimize the industry’s layout.

Without policies to restrict coal production, coal prices are not as high as last year. The coal industry enters a low season.

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